SeaBridge Investment Advisors LLC Acquires 310 Shares of JD.com, Inc. (NASDAQ:JD)

SeaBridge Investment Advisors LLC boosted its stake in JD.com, Inc. (NASDAQ:JD) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,184 shares of the information services provider’s stock after purchasing an additional 310 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in JD.com were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Burleson & Company LLC purchased a new position in shares of JD.com during the 1st quarter worth approximately $25,000. Meridian Wealth Partners LLC bought a new stake in shares of JD.com during the first quarter valued at approximately $28,000. Harbour Investments Inc. bought a new stake in shares of JD.com during the first quarter valued at approximately $39,000. Wagner Wealth Management LLC purchased a new stake in JD.com in the first quarter worth $40,000. Finally, Institutional & Family Asset Management LLC raised its holdings in JD.com by 500.0% in the first quarter. Institutional & Family Asset Management LLC now owns 534 shares of the information services provider’s stock worth $45,000 after purchasing an additional 445 shares in the last quarter. 37.10% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:JD traded down $2.73 during mid-day trading on Wednesday, reaching $75.17. The company’s stock had a trading volume of 431,649 shares, compared to its average volume of 11,666,381. The company has a current ratio of 1.45, a quick ratio of 1.12 and a debt-to-equity ratio of 0.05. The stock has a market cap of $100.69 billion, a P/E ratio of 22.65, a PEG ratio of 3.89 and a beta of 0.77. The firm’s fifty day moving average price is $73.43 and its two-hundred day moving average price is $76.50. JD.com, Inc. has a 12-month low of $61.65 and a 12-month high of $108.29.

JD.com (NASDAQ:JD) last released its quarterly earnings data on Sunday, August 22nd. The information services provider reported $2.90 earnings per share for the quarter, beating the consensus estimate of $0.32 by $2.58. JD.com had a net margin of 4.23% and a return on equity of 4.95%. The firm had revenue of $253.80 billion during the quarter, compared to analysts’ expectations of $247.94 billion. During the same period in the previous year, the company earned $3.51 earnings per share. The firm’s quarterly revenue was up 26.2% on a year-over-year basis. Analysts predict that JD.com, Inc. will post 0.77 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of JD.com from $119.00 to $130.00 and gave the stock a “conviction-buy” rating in a research report on Friday, July 2nd. They noted that the move was a valuation call. HSBC decreased their target price on shares of JD.com from $98.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, May 20th. UBS Group dropped their price target on JD.com from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 20th. CLSA reduced their price objective on JD.com from $110.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, August 24th. Finally, Zacks Investment Research downgraded JD.com from a “hold” rating to a “sell” rating in a report on Friday, July 23rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $100.70.

JD.com Company Profile

JD.com, Inc is a technology driven E-commerce company. It engages in the sale of electronics products and general merchandise products, including audio, video products, and books. The company operates through the JD Retail and New Businesses segments. The JD Retail segment offers online retail, online marketplace, and marketing services.

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Institutional Ownership by Quarter for JD.com (NASDAQ:JD)

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